Company Profile: Briggs and Stratton


© George E. Banks Jr.
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Company Profile: Briggs and Stratton

Briggs and Stratton is the largest producer of air-cooled gasoline engines. Their address is 12301 West Wirth Street,Wauwatosa, Wi. 53222. Their phone number is 414-259-5333 and their fax number is 414-259-5338. Their stock symbol is BGG and they are listed on the NYSE. The company URL is http://www.briggsandstratton.com/. The last reported employee count was 6,447. Business Summary: Briggs & Stratton Corporation is a producer of air-cooled gasoline engines for outdoor power equipment of all kinds. The Company markets internationally and designs, manufactures, markets and services its products for original equipment manufacturers worldwide. Briggs and Stratton operates in two reportable segments: Engines and Generac Portable Products. Briggs & Stratton engines are marketed under several brand names which include Classic, Sprint, Quattro, Quantum, INTEK, I/C, Industrial Plus and Vanguard. The Generac segment is a major supplier to Sears of pressure washers, both marketed under the Craftsman label. Generac is also a core supplier of portable generators and pressure washers, both marketed under the Generac Portable Products label, to The Home Depot and Lowe's. Many markets use Briggs and Stratton products as they are reliable and reasonable priced.

Financial Summary: Though Briggs and Stratton is based in the US, it produces air cooled gasoline engines which are sold to manufacturers of lawn and garden equipment and other gasoline engine powered equipment worldwide. For the three months ended 9/30/01, sales rose 22% to $221.3 million. Net loss totaled $17.4 million, up from $6.3 million. Revenues reflect the Generac acquisition. Higher loss reflects decreases in engine production, and higher interest expense due to increased debt levels and general economic conditions.

Officers of the company:

...Frederick Stratton, Jr., 62, Chairman ...John Shiely, 49, Pres, CEO, Director ...James Brenn, 53, CFO, Sr. VP ...Michael Hamilton, 59, Exec. VP, Pres - Briggs & Stratton Asia ...Stephen Rugg, 54, Sr. VP - Sales and Service

Recent Events: 5 insider sells for 10.0K shares (2.0% of insider shares).

Upcoming Events: Jan 2 Dividend payment of $0.31 will be made.

Company Statistics: The following company statistics are good as of the first day of December, 2001. Note: Abbreviations are M=million, B=billion, ttm=twelve trailing months, mrq=most recent quarter, EBITDA= Earnings Before Interest Taxes Depreciation Amortization.

Price and Volume of Shares: ...52 week low on 27 Sept 2001 of $29.65 ...52 week high on 12 Jan 2001 of $48.37 ...daily volume on 3 months basis was 103.1K ...daily volume on 10 day basis was 145.0K

Stock Performance: BGG's stock performance showed a 52-week change of 0.6%.

Share Related Information: BGG shows a market capitalization of $815.1M with a

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